STORJUSDT trade ideas
STORJ/USDT HarmonicsLooks familiar right. Yup, similar pattern setup as the DOGE chart posted earlier today. (See that chart for the same setups). So if you buy into DOGE... you may wanna buy into this one too. Some relatively possible positive price action going on with STORJ. This is an oldie but good project- solid in foundation. I remember this one from the good ole days of crypto. Right now we see a slow moving bearish crab starting to form.. which puts price action in possible bullish motion- especially if it does not reject. If it rejects- no bueno... but we can only wait and see if the price action will go higher. If BTC dumps- expect some downside from this token initially but it may not dump. The analysis on 12h chart shows possible bullish divergence forming but not quite here yet.. so stay tuned lets see how this plays out.
STORJ Possible BullishFirst of all we identify supports and resistances, which are easy to notice.
If we realize that it has had a drop of a 60%-70% correction that could extend or start a bullish rally, the risk of entering now is not so high
We can also notice a small bullish rally which did not have too much force but pushed the price up from 79% from the lowest minimum which is 1.25 to 2.25
The area of greatest demand is at this point
We can also notice that they are pulling the price below the 20 day moving average which could mean that this would be quite bad for a bullish to the strongest support at 1.2. This is really complicated or we could test the SMA50 (50-day moving average) in purple, in case they do not master it.
There is currently no volume to indicate the strength of a bullish rally.
The RSI indicates that the bulls are trying to lift the price above the 20-day moving average again which could indicate a new rally.
Although the MACD indicates a loss of strength.
In pair btc sounds like a bearish to touch support and give an attempt to bounce to the upside.
Personally, I will expect to enter below support 1. Or I could even expect to enter -23.5%, there is no volume and the indicators are not positive, it all depends on the activity that occurs in the orders and mitigations blocks to be able to determine a point of income, personally I will follow the objective but I do not have an exact idea where to recommend entering, although if the bulls manage to raise the price above the EMA20 it could determine that the bears are losing strength
STORJUSDT D1: +300% GAINS BEST Level to BUY/HOLD BULLS TP (SL/TPWhy get subbed to to me on Tradingview?
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STORJUSDT D1: +300% GAINS BEST Level to BUY/HOLD BULLS TP (SL/TP/NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: speculative setup. use FIXED SL.
read entire idea before executing the trade.
🔸 Summary and potential trade setup
::: STORJUSDT one day/candle chart review/outlook
::: updated/revised outlook
::: CORRECTION MODE next 4-8 weeks
::: expecting pullback/correction
::: A/B/C/D swing before
::: we get new re-accumulation sequence
::: same sequence in Q4 2020 / Q1 2021
::: THIS IS NORMAL pullback / re-accumulate
::: before new PUMP
::: Expecting correction to complete
::: in June/July 2021
::: recommended strategy: BUY/HOLD 1.25-1.50 USD
::: TP1 BULLS is +150% gains TP2 BULLS +300% gains
::: BUY/HOLD setup do not expect fast gains
::: BUY/HOLD / do not expect miracle gains
::: expecting recovery after we hit 1.25-1.50USD
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/+300% gains
::: Sentiment outlook short-term: BEARS
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
STORJ// Bout to bustBig run up, big drawdown and accumulation. Volume is up, however open and closed candles are being squeezed which suggests momentum built up.
This means price will have an impulse move on either side, however looking at recent price action, we can expect this move upwards.
A break back below the TL will suggest a trend reversal, SL or Stop limits can be set tight. Good luck.